Jeremy Ironson has sold his Callaway IRON, the first irons from his brand since 2014, for a cool $2 million.
The irons were first released in 2015, and now the brand has become synonymous with the irons on the Callaway line, which includes the iron and the irong, which can be paired with a pair of black or white shoes.
The brand is owned by Iron Blooded (AB) and has been under the management of CEO Jeremy Irmans since 2015.
It has also been the subject of several lawsuits, and is now seeking damages from two former employees, including former Chief Operating Officer Chris D’Ambrosio.
“It is not uncommon to see an executive and team of employees in the legal process for a variety of reasons, but it was especially so for IRON BABY,” Irons said in a statement.
“I am not sure how we will be able to keep our jobs in this day and age without the support of our fans and investors, but I am extremely proud of our team and our accomplishments.”
In 2016, Irons was awarded $2.9 million by the California Attorney General’s Office to settle a lawsuit alleging he and his team defrauded the state of more than $1 million.
In 2015, the company received a $2,000,000 settlement from the California Board of Equalization.
The company’s stock has gained more than 1,000% since then, as has the price of its shares.
It’s not the first time the company has been embroiled in legal proceedings.
In 2015, it settled a $3.9 billion lawsuit with investors over the company’s business practices.
In a statement, Iron Blood, which was purchased by J&J in 2013, said it was “shocked and disappointed by the recent news of Jeremy Irassons actions.”
“The company is proud to have made such a profound impact on the lives of its fans, and we are committed to being a leader in the sport of irons,” Iron Blood said in the statement.
Irons said that he was happy to hear that his team was “taken care of,” and that he and company would “work diligently to support Jeremy and the IRON team in their future endeavors.”
Irons, who was the CEO of the company before becoming CEO, has been on a speaking tour for IRONS and its brands in the past, and has held private briefings with athletes, celebrities, and executives.
Irons previously announced his retirement from IRON in 2017.